Velan Inc. (OTCMKTS:VLNSF) Short Interest Update

Velan Inc. (OTCMKTS:VLNSF) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,900 shares, a decline of 20.8% from the December 15th total of 2,400 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.9 days.

Velan Price Performance

VLNSF opened at $8.10 on Wednesday. Velan has a 1 year low of $3.80 and a 1 year high of $8.64. The firm has a 50 day moving average price of $7.73 and a 200 day moving average price of $6.16.

About Velan

Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.